Warren Lichtenstein

Last updated
Warren G. Lichtenstein SP ID- HS-142 (1).jpg
Warren G. Lichtenstein

Warren G. Lichtenstein (born 1965) is an American businessman and philanthropist. Lichtenstein is founder and executive chairman of Steel Partners Holdings L.P. (NYSE:SPLP), a global diversified holding company. He founded the company in 1990 at the age of 24 after beginning his career as an analyst at Para Partners, L.P. and then serving as an acquisition analyst at Ballantrae Partners, L.P. [1] Over the past 25 years Steel Partners has grown from a private investment fund, with two employees and assets of $600,000, into Steel Partners Holdings L.P., a company with a combined revenue of more than $3.6 billion that through its holdings employs 13,500 people in 155 plants and facilities in 20 countries.

Contents

Education

Lichtenstein graduated from the University of Pennsylvania with a Bachelor's degree in economics. [2] Before that, he attended Tulane University.

Career

Lichtenstein is chairman of Steel Partners LLC, based in New York City. [3] [4] [5] [6] Lichtenstein is a former chairman of Aerojet Rocketdyne Holdings, Inc., an American rocket and missile propulsion manufacturer. [7] His tenure as Aerojet Chairman ended on June 30, 2022 by overwhelming share holder sentiment, a result of a proxy contest in which the then CEO, Eileen Drake, led a successful proxy campaign that removed Lichtenstein and all of the Steel Partners selected board members. [8]

Lichtenstein also serves as chairman of Steel Sports, Inc., a subsidiary company of Steel Partners, founded in 2011, focused on transforming and improving the youth sports experience in America. Lichtenstein also provided the initial seed funding for both the Positive Coaching Alliance (PCA) Los Angeles Chapter (which launched in June 2015) and the PCA-New York City Chapter (which launched January 2016). [9]

Philanthropy

Lichtenstein founded a charitable organization called Steel Partners Foundation that was a significant donor to the building of the Chabad Jewish Community Center Aspen Valley Aspen, Colorado. Steel Partners Foundation provided funding to the Aspen Art Museum, for its new building that opened in 2014. The building was designed by the Japanese architect Shigeru Ban, winner of the 2014 Pritzker Prize. Steel Partners Foundation also participated in the campaign to rebuild Tulane University after it was hit by Hurricane Katrina and 70% of the main campus was flooded and donated challenge funding to the University of Pennsylvania School of Arts and Sciences to help establish 19 new student scholarships. [10] [11]

Personal life

Lichtenstein has two children. A son by his first marriage and a daughter with Annabelle Bond. He was ordered to pay back child support in the largest child support case in Hong Kong history. Lichtenstein applied to the courts for more time with his daughter and in 2016 hosted a Think Tank on Parental Alienation with actor Jason Patric and professor and psychiatrist William Bernet, an editor of “Parental Alienation”. [12] [13] [14]

Related Research Articles

Continental Tire the Americas, LLC, d.b.a. General Tire, is an American manufacturer of tires for motor vehicles, and semi trucks. Founded in 1915 in Akron, Ohio by William Francis O'Neil, Winfred E. Fouse, Charles J. Jahant, Robert Iredell, and H.B. Pushee as The General Tire & Rubber Company using funding from Michael O'Neil, William Francis O'Neills' father, who owned Akron's O'Neil's Department Store. The company later diversified by 1984 into a conglomerate with holdings in tire manufacturing, rubber compounds, rocketry and aeronautics (Aerojet), and broadcasting.

Michael David Capellas is an American executive in the computer and telecommunication industries. Capellas served as chairman and CEO of First Data Corporation, acting CEO of Serena Software, chairman and CEO of Compaq Computer Corporation until its merger with Hewlett-Packard where he became president of the post-merger company briefly, and president and CEO of WorldCom where he led its merger with Verizon.

<span class="mw-page-title-main">Aerojet Rocketdyne</span> American aerospace propulsion manufacturer

Aerojet Rocketdyne is a subsidiary of American defense company L3Harris Technologies that manufactures rocket, hypersonic, and electric propulsive systems for space, defense, civil and commercial applications. Aerojet traces its origins to the General Tire and Rubber Company established in 1915, while Rocketdyne was created as a division of North American Aviation in 1955. Aerojet Rocketdyne was formed in 2013 when Aerojet and Pratt & Whitney Rocketdyne were merged, following the latter's acquisition by GenCorp from Pratt & Whitney. On April 27, 2015, the name of the holding company, GenCorp Inc., was changed to Aerojet Rocketdyne Holdings, Inc. Aerojet Rocketdyne Holdings was acquired by L3Harris in July 2023 for $4.7 billion.

Edward Scott Lampert is an American billionaire businessman. He is the former chief executive and chairman of Sears Holdings, the founder of Transformco, and the founder, chairman, and chief executive of ESL Investments. Until May 2007, he was a director of AutoNation. He was a director of AutoZone from 1999 to 2006. As of October 2021, his net worth was estimated at US$2 billion.

Aerojet was an American rocket and missile propulsion manufacturer based primarily in Rancho Cordova, California, with divisions in Redmond, Washington, Orange and Gainesville in Virginia, and Camden, Arkansas. Aerojet was owned by GenCorp. In 2013, Aerojet was merged by GenCorp with the former Pratt & Whitney Rocketdyne to form Aerojet Rocketdyne.

Lawrence M. Tanenbaum is a Canadian businessman and chairman of Maple Leaf Sports & Entertainment (MLSE). He owns a 25% stake in MLSE through his holding company Kilmer Sports Inc.

Robert Steven "Steve" Miller Jr. is an American businessman. He was chief executive officer of Hawker Beechcraft from 2012 to 2013, non-executive chairman at American International Group and on the board of directors at Symantec. He has served as Chairman of the Board of Purdue Pharma, Inc. since July 1, 2018.

<span class="mw-page-title-main">Noam Gottesman</span> American businessman

Noam Gottesman is a New York City-based, British-American businessman, former hedge fund manager, and co-founder of GLG Partners. He later entered the restaurant industry, investing in establishments including Eleven Madison Park in New York City. He is also the CEO of TOMS Capital. Gottesman has dual citizenship in the US and UK, and was listed on the 2020 Forbes 400 list of richest people in the United States, with a net worth of $2.4 billion.

Annabelle Bond OBE is a British socialite, international adventurer and activist, who came to prominence after climbing the summit of Mount Everest on 15 May 2004, making her the fourth British woman to do so.

Gary Lewis Crittenden is an American financial manager. He is an executive director of HGGC, and was previously CEO and chairman. He is also the former chairman of Citi Holdings. He was chairman of Citadel, Power Holdings, and iQor; lead independent director of Pluralsight; and has sbeen on the boards of Extra Space Storage, Staples Inc., Ryerson, Inc., TJX Companies, and Utah Capital Investment Corp. From 2000 to 2007, Crittenden was executive vice president and chief financial officer (CFO) of American Express, and from March 2007 to March 2009, he was the chief financial officer of Citigroup.

ESL Investments is a privately held hedge fund based in Greenwich, Connecticut.

<span class="mw-page-title-main">Friedman Fleischer & Lowe</span> American private equity firm

FFL Partners, LLC, previously known as Friedman Fleischer & Lowe, is an American private equity firm, founded in 1997 by Tully Friedman, Spencer Fleischer, David Lowe, and Christopher Masto. The firm makes investments primarily through leveraged buyouts and growth capital investments and is focused on investing in the U.S. middle-market.

Claiborne P. Deming is an American attorney, business executive and philanthropist. He served as the president and chief executive officer of Murphy Oil from 1994 to 2008. Since 2008, he has served as its chairman. Additionally, he serves as senior advisor to TPH Partners, an energy private equity firm. As a philanthropist, he has supported public schools in Arkansas and private universities in the Southern United States.

<span class="mw-page-title-main">Kelcy Warren</span> American businessman

Kelcy Lee Warren is an American billionaire and the chairman and chief executive officer of Energy Transfer Partners.

<span class="mw-page-title-main">Dynetics</span> Aerospace and defense manufacturer in the United States

Dynetics is an American applied science and information technology company headquartered in Huntsville, Alabama. Its primary customers are the United States Department of Defense (DoD), the United States Intelligence Community, and National Aeronautics and Space Administration (NASA).

<span class="mw-page-title-main">Jim Friedlich</span> American media executive

James Friedlich is an American media and philanthropy executive. He serves as chief executive officer and executive director of the Lenfest Institute for Journalism, a non-profit organization that supports innovative journalism initiatives nationwide and is the owner of The Philadelphia Inquirer. He serves on the board of directors of digital jobs marketplace Dice Holdings, Inc., and is an investor in several digital media and technology companies. Friedlich held senior operating positions at Dow Jones and The Wall Street Journal and was a board director of CNBC International. He was a seed investor in Business Insider before its sale to Axel Springer in 2015.

<span class="mw-page-title-main">Alvarez and Marsal</span> Global professional services firm

Alvarez & Marsal Holdings, LLC(A&M) is a global professional services firm notable for its work in turnaround management and performance improvement of a number of large, high-profile businesses both in the US and abroad such as Lehman Brothers, HealthSouth, Tribune Company, Warnaco, Interstate Bakeries, Target, Darden Restaurants and Arthur Andersen.

<span class="mw-page-title-main">Marcelo Claure</span> Chief executive officer of Sprint Corporation

Raul Marcelo Claure Bedoya is a Bolivian-American technology entrepreneur, businessman, and investor. He is currently the founder and CEO of Claure Group, the Executive Chairman of Bicycle Capital, and Group Vice Chairman for Shein.

<span class="mw-page-title-main">Justin B. Smith</span>

Justin B. Smith is an American media executive. He co-founded Semafor, a global news organization in 2022. He was previously the chief executive officer of Bloomberg Media Group. Before joining Bloomberg, Smith worked for Atlantic Media, The Week magazine and The Economist.

L3Harris Technologies, Inc. is an American technology company, defense contractor, and information technology services provider that produces command and control systems and products, wireless equipment, tactical radios, avionics and electronic systems, night vision equipment, and both terrestrial and spaceborne antennas for use in the government, defense, and commercial sectors.

References

  1. ↑ "Warren G. Lichtenstein: Executive Profile & Biography - Businessweek". www.bloomberg.com. Retrieved 2016-04-05.
  2. ↑ "HNH Executive Profiles - WSJ.com". Quotes.wsj.com. 2002-10-03. Retrieved 2013-09-15.
  3. ↑ "Warren Lichtenstein". Forbes. 2012-04-18. Archived from the original on March 28, 2013. Retrieved 2013-09-15.
  4. ↑ "Steel Partners Holdings L.P. - Corp Governance-Officers". Steelpartners.com. 2009-07-15. Retrieved 2013-09-15.
  5. ↑ "SPLP Warren G. Lichtenstein Insider Trades for Steel Partners Holdings L.P". Marketwatch.com. 2011-10-18. Retrieved 2013-09-15.
  6. ↑ "Warren Lichtenstein: Executive Profile & Biography - Businessweek". Investing.businessweek.com. Retrieved 2013-09-15.[ dead link ]
  7. ↑ "Board of Directors | Aerojet Rocketdyne Holdings, Inc". www.aerojetrocketdyne.com. Retrieved 2016-04-05.
  8. ↑ "FORM 8-K Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers Item 5.07 Submission of Matters to a Vote of Security Holders". Securities and Exchange Commission. 2022-07-06. Retrieved 2022-07-20.
  9. ↑ "Interview with Warren Lichtenstein". Positive Coaching Alliance.
  10. ↑ "New Aspen Chabad Center Opening Reflects Warmth and Beauty of Its Surroundings - New synagogue, mikvah and schools to serve community and visitors". Chabad.org.
  11. ↑ "School of Arts & Sciences". University of Pennsylvania.
  12. ↑ "Steel Partners CEO Not Feeling So Amicable Toward His Ex-Wife, Her Current Boyfriend Anymore « Dealbreaker: Wall Street Insider – Financial News, Headlines, Commentary and Analysis – Hedge Funds, Private Equity, Banks". Dealbreaker.com. Retrieved 2013-09-15.
  13. ↑ I'm Going It Alone; the Real Challenge: Annabelle Cradles Her Daughter Isabella as She Happily Plans a Climbing-Free Life as a Single Mother, 2007-10-02
  14. ↑ "Millionaires Clash Over Socialite's Child Support Claims". Cnbc.com. 2013-04-26. Retrieved 2013-09-15.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.